Press Releases

Press Releases | Boston

  • Atlantic Tambone’s Lynnfield office building attracts 2 former Cambridge tenants

    Boston, December 11, 2017 – Colliers International’s North team, comprised of executive vice president Greg Klemmer, senior vice president Tim Brodigan, and associates Dan Driscoll and Tim Allen, recently announced that 6 Kimball Lane, Lynnfield has grown its tenant roster with two companies who just vacated Cambridge. Seeking relief from traffic, parking constraints and soaring rents in Cambridge, Adrian A. Gaspar & Company, LLP, represented by the Colliers team, found 6 Kimball to be a perfect solution long term for their predominantly north shore employee base. “The almost 10,000-square-foot suite Gaspar leased had a significant amount of reusable buildout from the prior tenant,” noted Brodigan. “That was a bonus feature that ultimately allowed them to occupy the space faster than alternative options could accommodate.”

  • Colliers International Boston Arranges Financing for $53 Million Dual-Branded Hilton Hotel

    Boston, December 7, 2017 – Colliers International announced today that its Boston-based Capital Markets group has arranged joint venture equity financing for the construction of a 235-key dual-branded Hilton Hotel at 369 Washington Street, Woburn, MA.

  • Colliers involved in over 100,000 SF of leasing at Hines’ Riverside Center

    Boston, December 1, 2017 – Colliers International announced today that it has recently been involved in over 100,000 square feet of leasing at Hines’ acclaimed Riverside Center (275 Grove Street) in Newton, the largest of the deals with B2B technology marketing leader, TechTarget. As the largest tenant in the building at just shy of 75,000 SF, TechTarget elected to extend its term, which will give it an almost two-decade run upon expiration of this latest extension.

  • Colliers International secures joint venture equity and construction financing for 286-unit apartment development in Everett, MA

    Boston, November 28, 2017 – Colliers International announced today that its Boston Capital Markets Group has arranged joint venture equity and construction financing for the development of The Pioneer, a 286-unit, transit-oriented, luxury apartment community situated on 2.74 acres at 1760 Revere Beach Parkway in a booming area of Chelsea/Everett known as the Mystic Side.

  • Colliers strikes again, signing 5 new tenants to Duffy Properties’ 78 Blanchard Road

    Boston, October 25, 2017 – Despite several consecutive quiet quarters in the Burlington office market, Colliers has done it again, successfully attracting 5 new tenants totaling more than 30,000 cumulative square feet, this time to Duffy Properties’ 78 Blanchard Road. With suite sizes ranging from 3,300 to 11,600 SF, new tenants, Caras & Shulman, Axis Promotions, CGI, Mortgage Network, and AAM 15 Mgmt were attracted to the building’s quality spaces, premium amenities, and strength and commitment of local ownership. Colliers, in partnership with Duffy Properties, has aggressively and effectively slashed building vacancy, leaving only 15,000 SF, which is close to committed.

  • Hood Park celebrates the groundbreaking of its 177-unit Charlestown residential project

    BOSTON (October 17, 2017) – Hood Park LLC hosted a groundbreaking ceremony this morning at 480 Rutherford Avenue in Charlestown where its 177-unit residential project will soon be underway. 480 Rutherford Avenue is the first residential project at Hood Park, a 20-acre development permitted for over 1.1 million square feet located at the former H.P. Hood Plant in Charlestown. Designed to echo the existing buildings, the 480 Rutherford Avenue project will be a state of the art, LEED Platinum certified residential project. It will provide a diverse mix of studio, one-bedroom, and two-bedroom units, including 23 affordable units in furtherance of Mayor Martin J. Walsh’s goal to add 53,000 new housing units by 2030 as detailed in the Mayor’s housing plan, Housing a Changing City: Boston 2030. Upon completion, it will feature garage parking, bike storage, resident lounge, community kitchen, fitness/yoga studio, dog amenities, outdoor courtyard with city views, 24/7 security, and 10,500 square feet of additional retail amenities.

  • Colliers brings 55,000-SF Financial District opportunity to market

    Boston, October 10, 2017 – Colliers International’s Investment Sales platform announced today that it has brought to market Thibeault Development’s 13-21 Congress Street, a 54,450-square-foot building with permits in place to expand by an additional 7,000 square feet. The property provides for immediate and multiple potential uses, from office to residential to retail, or a combination thereof.

  • Colliers brings 2.12-acre Brighton redevelopment opportunity to market

    Boston, August 25, 2017 – Colliers International’s Investment Sales team announced today that it has brought to market 1515 Commonwealth Avenue in Brighton, a 2.12-acre redevelopment opportunity with immediate access to downtown Boston via the MBTA Green Line – B branch. Formerly operating as a 59-bed, long-term acute care hospital, the 58,000-square-foot, four-story building plus basement has been renovated over time and includes dining facilities, common area amenities as well as a large parking lot. It provides additional FAR for redevelopment opportunities and will be delivered vacant at the time of sale.

  • Colliers reps niche co-working startup, G-Tek Labs, in 30K Southie lease

    Boston, August 21, 2017 – Colliers International announced today that assistant vice presidents Ryan Healy and Mike Shakespeare have leased approximately 30,000 square feet to a new innovative hardware workspace, G-Tek Labs. Backed by Taiwan-based Gigatek, Inc., G-Tek Labs will create an environment conducive to development, manufacturing and scaling of electronic devices. The shared workspace will provide access to design software and state-of-the-art equipment, such as 3D printers and pick and place machines, that are required to explore new ideas in the hardware technology arena. G-Tek Labs has begun construction on its two-story space at 28 Damrell Street in South Boston with plans to launch Phase 1 in September 2017. It has already started accepting applications for prospective members. More information about the facilities can be found at g-teklabs.com.

  • Colliers sells Bay Village condo redevelopment opportunity on behalf of the Marist Fathers

    Boston, August 10, 2017 – Colliers International’s Multifamily Investment Sales team recently announced that it has sold 27-29 Isabella Street in Boston’s Bay Village neighborhood on behalf of the Marist Fathers. The marketing and sales effort was led by senior vice president Chris Sower, executive vice president Scott Dragos, and CEO Tom Hynes. The property sold for $11.4 million to local developer, New Boston Ventures, who was represented by Harry Collings. Senior vice president Steven Horan and associate Patrick Boyle procured acquisition construction financing from Hingham Institution for Savings on behalf of the buyer who plans to develop nine high-end condominiums at the well-located site.

  • Colliers signs two Cambridge transplants to The RMR Group’s 9 Galen Street

    Boston, August 9, 2017 – With Cambridge rents at historic highs, tenants are increasingly being drawn to inner suburban areas like Watertown, and more specifically to buildings that can create a Cambridge-like experience – brick and beam space, transit accessibility, and walkable amenities. Such selling points – all of which The RMR Group offers at 9 Galen Street, Watertown – have recently attracted both Core States Group and Socomec, Inc. to the property. At 4,500 and 5,700 square feet respectively, the two tenants will both relocate from Cambridge in the coming months and build upon 9 Galen Street’s increasingly dynamic, multi-tenanted environment. Cresa’s John Coakley represented Core States Group while Patrick Verbeke from KW Commercial represented Socomec, Inc.

  • Colliers brings a new 5-acre Waltham development opportunity to market

    Boston, August 2, 2017 – Colliers International recently announced that it has brought to market 305 Winter Street, a rare five-acre development opportunity in the heart of Waltham with views of the Boston skyline. Located immediately off Route 128 at Exit 27, the existing 31,575-square-foot industrial building is nestled between CityPoint and Hobbs Brook Office Park, surrounded by an impressive roster of neighboring companies, including, but not limited to Wolverine Worldwide, Care.com, ThermoFisher Scientific, Wolters Kluwer, Shire, Dassault Systemes, and Cimpress.

  • Colliers facilitates $52.8M sale of Brookwood Financial Partner’s Cherry Hill Drive industrial portfolio

    Boston, July 25, 2017 – Colliers International’s Investment Sales team, made up of executive vice presidents Scott Dragos and Doug Jacoby, vice president Tony Hayes, assistant vice president Tim Mulhall, and associate Dan Hines, announced today the recent $52.8 million sale of Brookwood’s Beverly/Danvers seven-building flex/industrial portfolio in Cherry Hill Park.

  • Phelan and Boyle of Colliers Boston arrange $31 million financing for Rhode Island parking asset

    Boston, July 17, 2017 – Colliers International’s Boston Capital Markets group announced today that it has arranged a refinancing for 1960 Post Road, a parking asset and adjacent retail site at T.F. Green Airport in Warwick, Rhode Island. Colliers worked exclusively on behalf of the borrower, New England Parking LLC, to place the $31-million fixed-rate loan with Blue Hills Bank. The Colliers capital markets team representing the borrower was led by Patrick Boyle and Kevin Phelan.

  • Building improvements at 55 Ferncroft seal the deal for several tenants

    Boston, June 30, 2017 – Colliers International’s North team, comprised of executive vice president Greg Klemmer, senior vice president Tim Brodigan, and associate Dan Driscoll, announced today that its listing at 55 Ferncroft Road in Danvers is gaining a tremendous amount of momentum with the completion of four lease transactions.

  • Colliers’ Project Management Group and Wise Construction Celebrate Completion of The Engine in Central Square

    Boston, June 28, 2017 – Colliers International, Boston and Wise Construction are pleased to celebrate the recent completion of The Engine. Colliers served as project manager for the buildout process and Wise Construction built the space at 501 Massachusetts Avenue in Cambridge’s Central Square.

  • Colliers Southwest team notes significant activity in user-buyer/user-seller market with $18 million in recently closed sales

    Boston, June 26, 2017 – With the pendulum continuing to sway in the conversation of “own” vs. “lease”, in recent months the Colliers International Southwest team, comprised of senior vice presidents David Goodhue, Caleb Hudak and Steve Woelfel and assistant vice presidents Kevin Brawley and PJ Foster, has frequently found itself involved in several transactions with the former. Representing ownership in all cases but one where they represented the buyer, Colliers has seen a strong demand for product suitable for owner occupancy. In a trend that kicked off with the sale of the 80,000-square-foot 33 Commercial Street (Building 52), Foxborough to Sanskar Culture Society, activity has since continued with the sale of the remainder of the 33 Commercial Street campus to Foxborough Regional Charter School.

  • New ownership team, L3 Capital and LaSalle, retain Colliers International to lease Downtown Crossing landmark

    Boston, June 22, 2017 – With the recent rebirth of Boston’s Downtown Crossing, home to the new Millennium Tower, Primark, Roche Brothers, Macy’s, Old Navy, and several restaurant and retail concepts, 399 Washington Street has long been eyed by Chicago-based firms, L3 Capital and LaSalle Investment Management, who just closed on the DTX gem on Wednesday. Often referred to as the “Barnes & Noble building” in light of the last tenant to occupy the space, the building – now branded as DTX 399 – will undergo a major facelift while the selected brokerage team at Colliers International works to identify and secure suitable retail and office tenants for the space.

  • Colliers brings 88-unit apartment community in the heart of Dorchester to market

    Boston, June 19, 2017 – Colliers International’s Capital Markets group announced today that it will bring to market Adams Village, an 88-unit, value-add apartment community in Dorchester’s Adams Square neighborhood. A short walk from the Ashmont Red Line MBTA station and all of the new dining and amenities offered in Adams Square, the 4-story sister buildings at 725-735 Adams Street offer 87 total parking spaces to accommodate its diverse unit mix of 29% two-bedrooms, 47% one-bedrooms, and 24% studios. Within the last two years, ownership replaced boilers, electric and windows, redesigned the common areas, rolled out new laundry facilities, and renovated almost thirty-percent of the units, most of which boast great outdoor space in the form of private balconies.

  • Colliers leases vacant, 128K-SF Hudson warehouse to CPI Radant

    Boston, June 14, 2017 – Colliers International’s Southwest team announced today that it has leased the fully vacant, 128,000-square-foot industrial property at 4 Bonazzoli Avenue in Hudson to CPI Radant, a division of Communication & Power Industries (CPI), specializing in the design, manufacture and testing of radomes, antennas, and composite structures for aerospace, defense and commercial uses.

  • Colliers arranges over $85M in Q2 financing for Atlantic Management

    Boston, June 13, 2017 – Building upon a strong, long-term relationship with Atlantic Management, Colliers International’s Capital Markets group has rounded out the second quarter of 2017 with over $85 million of acquisition financing and refinancing for the busy investor/developer. The team of Thomas Welch, Adam Coppola, John Poole and Tonia Jenkins secured four loans from four distinct lenders for two value-add acquisitions and two permanent refinances.

  • Colliers sells 44-unit Fall River apartment community

    Boston, June 12, 2017 – Colliers International announced today that it sold Fall River’s 44-unit Bay View Independent Living Apartment Community for $4.75 million to SMG, Inc., a local player in the Fall River market who already owns and operates two other apartment communities. Seller of the complex, The Home for Aged People in Fall River, retained senior vice presidents Bob Cronin and Chris Sower to market the property as a means to monetize the asset and ultimately reinvest the net proceeds into its landmark Adams House, a nursing home/skilled nursing facility located a short distance from the Bay View site also in Fall River.

  • Colliers brings unique Morrissey Boulevard development opportunity to market

    Boston, May 9, 2017 – Colliers International's Capital Markets Group announced today that they will bring to market a capital/joint venture or ground lease investment opportunity for a 1.81 acre site in Boston’s transitioning Dorchester neighborhood, where strong transportation infrastructure and surrounding community amenities has given rise to heightened demand. The site’s location at 780 Morrissey Boulevard provides incredible visibility along the Expressway (I-93) and a location just five miles south of downtown Boston.

  • Colliers reps Eversource and BIDMC in 21K SF Westwood relocation

    Boston, May 9, 2017 – Just months after owner/occupier, Eversource (formerly NSTAR), introduced new multi-tenant friendly improvements to its Westwood headquarters at 247 Station Drive, Colliers has announced that local healthcare giant, Beth Israel Physician’s Organization, an affiliate of Beth Israel Deaconess Medical Center (BIDMC), has kicked off about one-quarter of the available leasing at the building in a 21,000-square-foot deal.

  • Colliers brings Plymouth multifamily JV investment opportunity to market

    Boston, May 5, 2017 – Colliers International's Capital Markets and Multifamily Investment Sales teams announced today that they will bring to market a joint venture investment opportunity for a 13.3-acre, 200-unit apartment project within Redbrook, a 1,400-acre village under construction in Plymouth, MA. Already featuring the first four neighborhoods of single-family homes, a full service YMCA, Meeting House, and The Farmers Table restaurant, the fully permitted apartment community is slated for ground-breaking in Spring 2018. Redbrook's 10-year master plan will introduce some 900 single family homes – 400 of which are already committed – and up to 90,000 square feet of "Mom and Pop" style retail, leaving the remaining 1,000 acres of the site for parks, playgrounds, community gardens, sports fields, nature trails, working cranberry bogs, and other open space.

  • Colliers International Arranges $4.2 Million Refinancing for Calare Properties

    Boston, May 3, 2017 – Colliers International, Boston announced that it recently arranged the $4.2 million permanent refinancing of 121 Hale Street in Lowell, Massachusetts on behalf of Calare Properties. The 60,700 square foot flex building, renovated in 2009, is occupied by MACOM in support of their adjacent headquarters and fabrication facility at 100-144 Chelmsford Street. 121 Hale Street will benefit from the significant expansion and improvement of the headquarters facility and incorporation into a corporate campus.

  • Colliers Promotes Robert Brierley to Head of Real Estate Management Services

    Boston, April 26, 2017 – Colliers International New England announced today that it has promoted property, asset, and project management veteran, Robert Brierley, to Managing Director of REMS (Real Estate Management Services) and Executive Vice President of Colliers Boston. Following earlier leadership posts at Brookfield Office Properties, Equity Office Properties, Beacon Properties and Gilbane Properties, Brierley joined Colliers International’s REMS group in 2013, and has been a distinguished addition to the REMS group and company as a whole.

  • Colliers facilitates 10-building RI portfolio sale from F.H. French Co. to Albany Road

    Boston, April 25, 2017 – Colliers International announced today that its Boston Capital Markets Group has closed the $60.5 million sale of and arranged $40 million in acquisition financing for the Blackstone Valley Medical Office Portfolio (the "Portfolio"), a 10-building, institutional-quality portfolio of urban and suburban Class A medical office buildings (“MOBs”) totaling 301,700 square feet located in three distinct Rhode Island submarkets – East Greenwich, Lincoln, and Providence...

  • Colliers monetizes State Street asset for long-time client, Public Consulting Group

    BOSTON, MA – April 24, 2017 – Colliers International announced today that its Boston Capital Markets Group has closed the $41 million sale of and arranged $26.65 million in acquisition financing for the corporate headquarters of Public Consulting Group, Inc. (PCG), a leading public sector management and technology consulting firm, located at 148 State Street in the heart downtown Boston, Massachusetts.

  • Colliers advises Mancon in 88,000-SF lease in Stoughton

    Boston, April 19, 2017 – Executive vice president Greg Klemmer and vice president Stephen Woelfel, Jr. of Colliers International recently announced that they represented Mancon in an 88,000-square-foot lease at 200 Shuman Avenue in Stoughton. The supply chain management division of Mancon specializes in providing its services for federal, state and municipal customers and has been awarded a contract from the MBTA to manage its inventory and distribution system for maintenance parts...

  • Thibeault Development sells two multifamily assets from their Boston portfolio for $38.5 Million; brokered by Colliers International

    Boston, April 6, 2017 – Though once viewed as a predominantly Monday through Friday, 7:00am to 7:00pm area, the Financial District – building upon the resounding success of Downtown Crossing’s exclusive Millennium Tower – continues its emergence as an attractive area for multifamily investments.

  • Colliers closes $9.29 Million in Acquisition Financing for a Two-Building Portfolio Sale in Marlborough and Billerica, MA

    Boston, April 3, 2017 – Colliers International, Boston announced that it has recently arranged acquisition financing for a two-building portfolio sale of 734 Forest Street in Marlborough and 35 Dunham Road in Billerica, Massachusetts. The 120,000-square-foot flex/industrial portfolio sold to a New England-based real estate investment firm, exhibiting solid in place cash flow as well as future income growth through additional leasing. Colliers secured the acquisition financing from Belmont Savings.

  • Colliers Closes $9.65 Million in Acquisition Financing for a Shopping Center in Oviedo, FL

    Boston, April 3, 2017 – Colliers International, Boston announced that it recently arranged $9.65 million in acquisition financing on behalf of a Rhode Island-based investor for the Town Center Shoppes in Oviedo, Florida, part of the Orlando MSA. The 64,547-square-foot regional shopping center, built in 2000, is anchored by LA Fitness, one of the largest health club chains in the country, and is 96% leased to a mix of national, regional and local tenants.

  • Colliers Represents Su Escuela in Long Term Hingham Renewal

    Boston, March 10, 2017 – Colliers International’s Southwest Team, led by Dave Goodhue and Steve Woelfel, represented Su Escuela in a long term lease renewal for over 15,000 square feet at John J. Flatley Company’s 75 Sgt. William Terry Drive in Hingham. “They saw no reason to move from a location that has been so conducive to their operations,” shared Colliers vice president Steve Woelfel. “Parents can conveniently drop off their children prior to boarding the ferry or commuter rail into Boston, and that convenience proved to be critical as the school evaluated alternative options.”

  • Colliers’ Southwest Team Leases 33,000 SF for CuraHealth Hospital in Stoughton, Mass.

    BOSTON (March 2, 2017) – Colliers International, Boston, the exclusive agent for CuraHealth Hospital at 909 Sumner Street in Stoughton, Mass. completed a 26,000-square-foot transaction with Bay Cove Human Services, headquartered on Canal Street in Boston. Bay Cove will immediately occupy the space and will relocate its addiction services program that was previously located on Boston’s Long Island. The program was abruptly uprooted in 2014 when the bridge connecting to Boston collapsed.

  • Colliers International Boston Arranges $33.5 Million Financing for Orchard Hill Park in Leominster, MA

    Boston, February 13, 2017 – Colliers International announced today that its Boston-based Capital Markets group has arranged $33.5 million in financing for Orchard Hill Park, a 190,000-square-foot, Class A regional power center anchored by Kohl’s, Bed Bath & Beyond, and Dick’s Sporting Goods in Leominster, MA.

  • Colliers International arranges $40.4 million financing for Clarks Americas, Inc. headquarters in Waltham, Massachusetts

    Boston, February 7, 2017 – Colliers International announced today that its Boston Capital Markets Group has secured $40.4 million in permanent leasehold financing for 60 Tower Road, a 120,000-square-foot, LEED® Gold-certified, work loft creative office property located at the “1265 Main” project in Waltham, Massachusetts, that serves as the corporate U.S. headquarters of Clarks Americas, Inc., a subsidiary of C&J Clark International Ltd., the global shoemaker, designer, and retailer known for its iconic Desert® Boot.

  • Colliers Reps Synergy in $21.8 Million Sale of Ladder District Building

    Boston, February 3, 2017 – Colliers International, Boston announced today that it has successfully facilitated the sale of Synergy Investment’s 26 West Street to Boston-based buyer, Eden Properties. The 53,000-square-foot, fully stabilized office and retail asset is located in the Ladder District neighborhood directly between the Downtown Crossing and Park Street MBTA stations, offering unrivaled public transit access. With over two-thirds of the building long-term leased to government union, SEIU, and the remainder first class retail space, 26 West offered buyers the best of both worlds – a steady and predictable income stream with substantial upside potential.

  • Colliers Represents Galaxy Development in Purchase of Wrentham Land for Mixed Use Development

    Boston, January 20, 2017 – Colliers International closed out 2016 with the $900,000 sale of a 20-acre land site located at 40-43 Kendrick Street in Wrentham, Massachusetts. Colliers/Boston Senior Vice President Bob Cronin represented the buyer, Galaxy Development of Auburn, Massachusetts, and Colliers/Minneapolis Vice President Robin Zellmer represented the seller, Pentair Corporation of Minneapolis, Minnesota. Galaxy Development plans to pursue a mixed-use project on the former Crosby Valve Co. headquarters site, a manufacturing complex Pentair had inherited through acquisition, but then relocated all operations to Minneapolis.

  • Colliers International, Boston Completes $9.061 Million Sale and $9.0 Million Financing of Waltham Property Portfolio

    BOSTON (January 18, 2017) – Colliers International, Boston today announced that it has successfully completed the $9.061 million sale of a two-building office and flex portfolio on behalf of Schernecker Property Services. The sale was completed by Colliers’ investment sales team, consisting of Doug Jacoby, Scott Dragos, Tony Hayes, Tim Mulhall and Dan Hines.

  • Colliers Closes $19.7 Million in Financing for Calare Properties

    BOSTON (January 10, 2017) – Colliers International, Boston today announced that it has arranged the financing for Calare Properties’ acquisition of MACOM Technology Solutions Inc.’s (NASDAQ:MTSI) existing 150,000 square-foot Lowell headquarters.

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